ce brok Under Supervision the following pers Office manager.

ENGR.ECONOMIC ANALYSIS
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4 of 20
An insurance broker whose registration is restricted to "Acting
Under Supervision" must be supervised by which one (1) of
the following persons?
Office manager.
Underwriting manager of one of the brokerage's many insurance companies.
Principal Broker.
Human resources manager.
Transcribed Image Text:4 of 20 An insurance broker whose registration is restricted to "Acting Under Supervision" must be supervised by which one (1) of the following persons? Office manager. Underwriting manager of one of the brokerage's many insurance companies. Principal Broker. Human resources manager.
Expert Solution
Step 1: Providing introduction of all four options:

a) Office Manager:


A vital administrative player in every company, including insurance brokerage, is the office manager. They are in charge of managing the administrative employees, monitoring the daily operations of the office, and making sure that all office procedures are followed. They are often not directly involved in the monitoring of insurance brokers or agents, despite the fact that they are crucial to the effectiveness of the business.



b) Underwriting Manager of one of the brokerage's many insurance companies:

The task of evaluating risks and establishing the terms and circumstances under which insurance policies are issued falls within the purview of an underwriting manager. They are employed by insurance firms and mostly take part in the underwriting process. Even if they are experts in risk analysis, they might not always be in charge of overseeing insurance brokers in a brokerage business.

c) Principal Broker:

A primary broker is a key player in the insurance brokerage business, as previously noted. They are in a position of power and accountability, frequently supervising other brokers and agents inside the company. They are essential in making sure that laws, moral guidelines, and business norms are followed.

d) Human Resource Manager:

An organization's human resource manager is in charge of managing people and employee-related issues. They deal with things like hiring, training, handling employee relations, and adhering to labor rules and regulations. Although they are crucial to the organization's general management of its workforce, they are not normally in charge of directly overseeing insurance brokers.


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